Clinical Laboratory Services Market, By Test Type (Clinical Chemistry, Medical Microbiology, Hematology Testing, Immunology Testing, Cytology Testing, Drug of Abuse Testing, Other Esoteric Test), By Service Provider (Hospital-Based Laboratories, Stand-Alone Laboratories, Clinic-Based Laboratories), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jun 2024

Code : CMI87

Pages :155

Formats :

Excel and PDF

Industry : Medical Devices

Market Concentration and Competitive Landscape

Clinical Laboratory Services Market Concentration By Players

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Ageing Global Population

Rising elderly population aged 65 years and above in all regions can drive the market growth. Medical advancements and improving standards of healthcare have greatly enhanced longevity and life expectancy. According to reports, the number of people aged 65 years and older were 524 million in 2010, and this figure is projected to double to around 1.5 billion by 2050. An aging population profile has substantial implications for the demand of diagnostic and clinical laboratory services. Older individuals are more susceptible to chronic health issues, cancers, neurological disorders and need frequent medical monitoring, even when no symptoms are present. With age, the body's immune system weakens, thus, making it more difficult to fight diseases. Therefore, senior citizens generally require more diagnostic tests for screening, detecting health deteriorations at an early stage and managing existing medical ailments.

Key Players Insights